TXN TEXAS INSTRUMENTS INC

Price Chart

Executive Summary

B of A Securities double-upgraded Texas Instruments (TXN) from Neutral to Buy on April 23, 2026, raising its price target to $320 from $235 — a 36% increase. The firm cites improving cyclical demand and margin recovery as catalysts. B of A has a 54% accuracy rate on 3,282 calls and an average return of 5.1%, placing it below average among firms covering TXN. The consensus on TXN is mixed: 18 Buy-equivalent ratings (39%), 24 Hold (52%), and 3 Sell (7%) from 45 analysts. The mean price target is $285.34, implying 7.7% downside from the current $309.21, while the high target is $340 and the low is $200. B of A's new $320 target sits above the median of $297.50 and above the mean. In the last 30 days, there have been 2 upgrades and 0 downgrades, with EPS revisions overwhelmingly positive — 22 upward revisions for the current quarter and 29 for the current fiscal year. Insider selling has been heavy, with five executives selling over $21M in May 2026, including CFO Lizardi Rafael R ($9.9M). Institutional activity is mixed: Bank of America Corp trimmed its position by 39.4%, while Norges Bank exited and Renaissance Technologies initiated new positions. Short interest stands at 55.2% of float, a very high level that could fuel a squeeze if the bullish thesis gains traction. The next earnings report is due July 20, 2026 — within 30 days. Bottom line: B of A's contrarian double upgrade from a below-average-accuracy firm is notable but not decisive; the heavy insider selling and high short interest create a tug-of-war. Traders should watch for confirmation from price action above $310 before committing.

Impact Score

Consensus & Targets

The consensus on TXN is mixed: 18 Buy-equivalent ratings (39%), 24 Hold (52%), and 3 Sell (7%) from 45 analysts. The majority view is cautious, making B of A's upgrade a contrarian call relative to the consensus.

Current price: $309.21. Mean target: $285.34 (downside 7.7%). Median: $297.50. High: $340. Low: $200. B of A's $320 target is above the mean and median, ranking near the high end of the range.

Recent Analyst Activity

In the last 30 days, there have been 2 upgrades and 0 downgrades. EPS revisions are strongly positive: 22 upward revisions for the current quarter (0 revisions down), 29 upward for the current fiscal year (0 down), and 27 upward for next fiscal year (0 down). Estimates are being revised higher across all time frames.

Firm Track Record — B of A Securities

B of A Securities accuracy: 54% on 3282 calls | avg return: 5.1%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

B of A Securities has a 54% accuracy rate on 3,282 calls with an average return of 5.1%, placing it below average among firms covering TXN. The best-performing firms on TXN are Baird (80% on 5 calls, avg return 10.2%) and JP Morgan (80% on 5 calls, avg return 8.6%). The worst-performing firms include TD Cowen (50% on 4 calls, avg return -0.8%) and Susquehanna (50% on 6 calls, avg return 0.1%).

Earnings Estimates

Next earnings: Jul 20, 2026

Cross-Platform Signals

Insider selling is heavy: five executives sold over $21M in May 2026, including CFO Lizardi Rafael R ($9.9M on May 14) and EVP Ilan Haviv ($5.6M on May 4). This is a bearish signal that diverges from the bullish analyst upgrade. Institutional activity is mixed: Bank of America Corp trimmed its position by 39.4%, while Norges Bank exited and Renaissance Technologies initiated new positions. Short interest is extremely high at 55.2% of float, indicating heavy bearish positioning that could amplify any upside move.

Documents Analyzed

Report based on filing metadata.

US Market Status